SIMAO CONSTRUCT
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 4 July 2025
- Supervising judge
- Sophie Baland
- Official Gazette
- 14-07-2025 (pdf) ↗search the document for 2025/131176
Deadlines
- Appeal or third-party opposition until
- passed on 29 July 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 3 August 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 13 August 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 4 July 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Lucille BermondChaussee De La Hulpe 187, 1170 Watermael-Boitsfortl.bermond@janson.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€237,941total assets 2024
- Equity
- €133,713
- Profit
- €18,104
Financial health
Open bankruptcy: no score
Structure
1 of 19 deeds read
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence
Signals
Two signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
59 days early
2023
27 days early
2022
45 days early
2021
28 days late
2020
59 days late
2019
86 days late
2018
72 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- OpeningFrench-language Enterprise Court of Brussels…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€879,798▼ 57.1%
2019 · €2.1m
EBIT margin
1.8%▼ 3.1pp
2019 · 4.9%
Net result
€18,104▼ 70.8%
2023 · €61,974
Working capital
€132,111▲ 18.3%
2023 · €111,669
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 61% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.9m
2021
Operating result€0.03m
2024
Net result€0.02m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.2m
2024
Equity€0.1m
2024
Debt€0.1m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.1m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.8%
2021
Return on assets (ROA)7.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency56.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.27
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)5
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€2.1m€0.9m
Operating result€0.008m-€0.1m▲ 1,179%€0.2m▲ 56.2%€0.02m▼ 90.0%€0.03m▲ 81.8%€0.09m▲ 201%€0.03m▼ 61.2%
Net result€0.003m--€0.001m€0.06m-€0.03mbelow the sector's middle half€0.002mwithin the sector's middle half€0.06mabove the sector's middle half▲ 3,293%€0.02mwithin the sector's middle half▼ 70.8%
EBIT margin4.9%1.8%
Equity€0.2m-€0.2m▼ 0.4%€0.2m=€0.05mwithin the sector's middle half▼ 67.5%€0.05mwithin the sector's middle half▲ 3.5%€0.1mwithin the sector's middle half▲ 116%€0.1mwithin the sector's middle half▲ 15.7%
Total assets€0.3m-€0.4m▲ 15.7%€0.4m=€0.1mwithin the sector's middle half▼ 59.8%€0.1mwithin the sector's middle half▼ 5.3%€0.2mwithin the sector's middle half▲ 62.9%€0.2mwithin the sector's middle half▲ 6.5%
Debt€0.2m-€0.2m▲ 32.8%€0.2m=€0.09m▼ 53.7%€0.08m▼ 10.2%€0.1m▲ 29.1%€0.1m▼ 3.4%
Working capital€0.2m-€0.2m▼ 3.0%€0.2m=€0.03mwithin the sector's middle half▼ 79.2%€0.04mwithin the sector's middle half▲ 21.6%€0.1mabove the sector's middle half▲ 188%€0.1mabove the sector's middle half▲ 18.3%
Solvency51.4%-44.2%▼ 7.2pp44.2%=35.8%within the sector's middle half▼ 8.5pp39.1%within the sector's middle half▲ 3.3pp51.7%within the sector's middle half▲ 12.6pp56.2%within the sector's middle half▲ 4.5pp
Current ratio2.05-1.77▼ 0.281.77=1.34within the sector's middle half▼ 0.421.46within the sector's middle half▲ 0.122.04within the sector's middle half▲ 0.572.27within the sector's middle half▲ 0.23
Return on assets (ROA)1.1%--0.2%▼ 1.3pp16.5%▲ 16.7pp-22.8%below the sector's middle half▼ 39.2pp1.3%within the sector's middle half▲ 24.1pp27.7%above the sector's middle half▲ 26.4pp7.6%within the sector's middle half▼ 20.1pp
Staff (FTE)1.8-65▼ 16.7%
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €237,941
Fixed assets
€1,602 ▼ 59.3%
Current assets
€236,339 ▲ 7.6%
Equity and liabilities €237,941
Equity
€133,713 ▲ 15.7%
Debt
€104,228 ▼ 3.4%
Debt's share of the balance-sheet total falls from 48.3% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,695▼
2023 · €91,428
Cash flow
€20,772▼
2023 · €68,266
Debt to equity
0.78▼
2023 · 0.93
ROE
13.5%▼
2023 · 53.6%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€104,228▼
2023 · €107,891
Income taxes
€14,856▼
2023 · €22,784
Staff costs
€193,983▲
2023 · €143,725
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €2.1m | - | €0.9m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €0.6m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.2m | €0.1m | €0.2m | ▲ 35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.002m | €0.003m | €0.006m | €0.006m | €0.006m | €0.003m | ▼ 57.6% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.01m | €0.001m | ▼ 96.1% |
| Gross operating margin9900 | €0.09m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 7.2% |
| Operating profit (loss)9901 | €0.008m | €0.1m | €0.2m | €0.02m | €0.03m | €0.09m | €0.03m | ▼ 61.2% |
| Financial income75/76B | - | - | - | - | - | - | €20 | - |
| Recurring financial income75 | - | - | - | - | - | - | €20 | - |
| Financial charges65/66B | - | - | - | €35 | - | €378 | €87 | ▼ 77.1% |
| Recurring financial charges65 | €0.004m | €190 | €265 | €35 | - | €378 | €87 | ▼ 77.1% |
| Profit (loss) for the period before taxes9903 | €0.004m | €0.1m | €0.1m | €0.02m | €0.03m | €0.08m | €0.03m | ▼ 61.1% |
| Income taxes67/77 | €0.001m | €0.1m | €0.1m | €0.05m | €0.03m | €0.02m | €0.01m | ▼ 34.8% |
| Profit (loss) for the period9904 | €0.003m | -€0.001m | €0.06m | -€0.03m | €0.002m | €0.06m | €0.02m | ▼ 70.8% |
| Profit (loss) for the period to be appropriated9905 | €0.003m | -€0.001m | €0.06m | -€0.03m | €0.002m | €0.06m | €0.02m | ▼ 70.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €311,295 | €360,168 | €360,168 | €144,834 | €137,199 | €223,500 | €237,941 | ▲ 6.5% |
| Fixed assets21/28 | €1,617 | €5,630 | €14,915 | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Tangible fixed assets22/27 | €1,617 | €5,630 | €14,915 | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Furniture and vehicles24 | - | - | - | €19,900 | €14,828 | €3,940 | €1,602 | ▼ 59.3% |
| Current assets29/58 | €309,677 | €354,538 | €354,538 | €124,934 | €122,371 | €219,560 | €236,339 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €309,247 | €314,557 | €314,557 | €38,416 | €62,991 | €84,380 | €134,363 | ▲ 59.2% |
| Trade receivables40 | - | - | - | €11,553 | €11,097 | €6,044 | €1,853 | ▼ 69.3% |
| Other amounts receivable41 | - | - | - | €26,863 | €51,895 | €78,337 | €132,510 | ▲ 69.2% |
| Cash at bank and in hand54/58 | €431 | €39,981 | €39,981 | €86,518 | €59,380 | €135,180 | €101,975 | ▼ 24.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €311,295 | €360,168 | €360,168 | €144,834 | €137,199 | €223,500 | €237,941 | ▲ 6.5% |
| Equity10/15 | €160,006 | €159,310 | €159,310 | €51,808 | €53,634 | €115,609 | €133,713 | ▲ 15.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | - | - |
| Reserves13 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | €31,049 | = |
| Non-distributable reserves130/1 | - | - | - | €31,049 | €31,049 | €31,049 | €31,049 | = |
| Legal reserve130 | - | - | - | €31,049 | €31,049 | €31,049 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €31,049 | - |
| Profit (loss) carried forward14 | €110,357 | €109,661 | €110,357 | €2,159 | €3,985 | €65,960 | €84,064 | ▲ 27.4% |
| Amounts payable17/49 | €151,289 | €200,858 | €200,858 | €93,026 | €83,565 | €107,891 | €104,228 | ▼ 3.4% |
| Amounts payable within one year42/48 | €151,289 | €200,858 | €200,858 | €93,026 | €83,565 | €107,891 | €104,228 | ▼ 3.4% |
| Financial debts43 | - | - | - | €20,650 | €13,650 | €13,650 | €13,650 | = |
| Credit institutions430/8 | - | - | - | €20,650 | €13,650 | €13,650 | €13,650 | = |
| Trade debts44 | €5,637 | €82,670 | €97,658 | €23,276 | €7,133 | €11,856 | €24,182 | ▲ 104% |
| Suppliers440/4 | - | - | - | €23,276 | €7,133 | €11,856 | €24,182 | ▲ 104% |
| Taxes, remuneration and social security45 | - | - | - | €49,050 | €61,914 | €81,782 | €60,913 | ▼ 25.5% |
| Taxes450/3 | - | - | - | €31,105 | €40,090 | €49,283 | €33,007 | ▼ 33.0% |
| Remuneration and social security454/9 | - | - | - | €17,946 | €21,824 | €32,499 | €27,906 | ▼ 14.1% |
| Other amounts payable47/48 | - | - | - | €50 | €868 | €604 | €5,483 | ▲ 808% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,379 | -€696 | €59,275 | -€32,998 | €1,826 | €61,974 | €18,104 | ▼ 70.8% |
| + Depreciation and write-downs630 | €1,226 | €1,900 | €2,627 | €6,095 | €6,146 | €6,291 | €2,667 | ▼ 57.6% |
| Operating cash flow (approximation) | €4,605 | €1,204 | €61,902 | -€26,903 | €7,972 | €68,266 | €20,772 | ▼ 69.6% |
| Investment in fixed assets (approximation) | - | -€5,912 | -€11,912 | -€11,081 | -€1,074 | €4,596 | -€329 | - |
| Change in cash | - | €39,550 | €0 | €46,537 | -€27,138 | €75,800 | -€33,204 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 02-06-2025 | 2025-00128432 |
| 31-12-2023 | micro format | 04-07-2024 | 2024-00220876 |
| 31-12-2022 | micro format | 16-06-2023 | 2023-00131332 |
| 31-12-2021 | micro format | 28-08-2022 | 2022-20410900 |
| 31-12-2020 | micro format | 28-09-2021 | 2021-68900383 |
| 31-12-2019 | micro format | 25-10-2020 | 2020-63800418 |
| 31-12-2018 | full format | 11-10-2019 | 2019-70100299 |
| 31-12-2017 | abbreviated format | 28-01-2019 | 2019-02300264 |
| 31-12-2016 | full format | 24-08-2017 | 2017-48300373 |
| 31-12-2015 | full format | 20-10-2016 | 2016-66000318 |
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Of the 15,151 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,362. 6,101 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 19 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Lucille Bermond Chaussee De La Hulpe 187, 1170 Watermael-Boitsfort |
04-07-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2025
14-07
Bankruptcy
Opening
French-language Enterprise Court of Brussels · judgment of 04-07-2025
02-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
04-07
NBB filing
Annual accounts filed
financial year 2023 · micro format
08-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- General meeting, 28-03-2024
- Registered-office move, Boulevard de l'Empereur 10 1000 Bruxelles
2023
31-12
Financial
Highest result from 2018 to 2024net €61,974 ▲3,293%
Net result €61,974, the highest in the series.
31-12
Financial
Equity above €100,000equity €115,609 ▲116%
2 profitable years in a row build equity to €115,609.
16-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial
Back to profitnet €1,826
Net result €1,826 after one loss-making year.
28-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 28 days late
2021
31-12
Financial
Weakest financial yearnet -€32,998
Net result drops to -€32,998, the lowest in the series.
28-09
NBB filing
Annual accounts filed
financial year 2020 · micro format · 59 days late
2020
31-12
Financial
Back to profitnet €59,275
Net result €59,275 after one loss-making year.
Show earlier events
25-10
NBB filing
Annual accounts filed
financial year 2019 · micro format · 86 days late
2019
11-10
NBB filing
Annual accounts filed
financial year 2018 · full format · 72 days late
28-01
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 181 days late
2017
24-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 24 days late
2016
20-10
NBB filing
Annual accounts filed
financial year 2015 · full format · 81 days late
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 11 annual accounts filed, the latest 10 are here; all 11 are under Financials.
1 of 19 deeds read
About the unread acts
Of the 19 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded11-10-2013
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0540755105
Registered
08-01-2025
The company is no longer active; its listing in the Peppol Directory can remain until its access point withdraws it.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2017
Ground area
920 m²
Building footprint
613 m²
Building volume
11,681 m³
2 parcels, Brussels, Flanders · tallest building 27.7 m. Linked by address, not a title deed.
480
companies at this address
See who is registered here
1 establishment unit
SIMAO CONSTRUCT
since 2017unit no. 2.260.057.339
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 |
| 41042D0595/00P000 | Flanders | 250 m² | 1 · 125 m² | 9.7 m · 1 |
How the parcels are linked
Good to know
Both parcels match the address exactly.